This Trending Meme Coin Explodes by 100% Weekly: What Comes Next?
The cryptocurrency market skilled a extreme pullback up to now few weeks, culminating in a pointy crash on February 6.
The meme coin sector was considerably affected by the pink wave, and most main tokens in that area of interest have posted substantial losses. However, the lesser-known pippin (PIPPIN) defied the carnage and its valuation soared by over 100% up to now week.
Swimming Against the Tide
PIPPIN is a Solana-based meme coin that started buying and selling in late 2024. It is themed round an AI-generated unicorn character named “Pippin,” which has change into the brand of the token.
The meme coin had its glory days towards the top of 2025, when its value reached an all-time high of virtually $0.60, and its market capitalization surpassed $500 million. While January was additionally optimistic, the start of February provided a deep correction.
In the previous week, although, the asset entered one other main uptrend, which contrasts with the general bearish atmosphere within the crypto market. As of press time, PIPPIN is price roughly $0.38, or a 114% enhance on a weekly foundation.
Analysts are curious if the bull run is sustainable since there isn’t an evident catalyst driving the transfer north. X consumer ALTS GEMS Alert claimed the worth has initiated a “sturdy bounce” from the demand zone at round $0.26, predicting that if patrons stay energetic, PIPPIN might soar to $0.40 and even $0.60.
Satori chipped in, too. The analyst told their over 700,000 followers on X that they’ve added the coin to their watchlist, arguing it has potential for rather more spectacular good points forward.
A Ticking Time Bomb?
At the identical time, some trade contributors warned traders to avoid PIPPIN, claiming its valuation is pushed by pure hypothesis, and its utility is questionable.
X consumer Dippy.eth described the asset as “the biggest rip-off of the previous yr,” arguing it has reached the primary “take revenue” zone. “0 applied sciences, 0 actual metrics, 0 actual customers, 0 consideration from actual CT degens,” they added.
Crypto_Jobs can also be pessimistic, envisioning a attainable plunge to as little as $0.21. Some indicators, resembling PIPPIN’s Relative Strength Index (RSI), assist the bearish state of affairs. The technical evaluation device measures the pace and magnitude of latest value adjustments to assist merchants establish potential reversal factors.
It ranges from 0 to 100, and readings above 70 recommend the valuation has risen an excessive amount of in a quick interval and could possibly be due for imminent correction. Currently, the RSI stands at round 85.
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